It has been reported by several sources that Toshiba may be giving up its support for the HD DVD format, and conceding to Blu-Ray. A report from Reuters reveals that the company will indeed be giving up the format and draw and early close to the high-definition DVD war. Toshiba is reported to lose tens of billions of yen (or hundreds of millions of dollars) when they eventually drop the format. In addition, they will lose their production line of HD DVD players, recorders, and other devices that support the format.

Reuters’ source continues on to say that Toshiba is planning the final stages of dropping the HD DVD format. On NHK, Japanese TV, a reporter for the channel has made the announcement that Toshiba will halt production of HD-DVD players and conceding a loss to the Blu-ray group. He said that Toshiba will be making the formal announcement within a few days.

With Blu-ray commanding the lead over HD-DVD worldwide, the choice was beyond obvious. It’s estimated that Blu-ray commands 90% of the high-definition market, and with over 10 million PlayStation 3s out there, it’s certainly a big boost for the format. Additionally, with retailers and studio support dropping left, right and center, HD-DVD had no ground to stand on anymore. Toshiba will continue to liquidate HD-DVD stock, but production has already officially ended.